[Code of Federal Regulations]

[Title 14, Volume 5]

[Revised as of January 1, 2006]

From the U.S. Government Printing Office via GPO Access

[CITE: 14CFR1209.303]



[Page 71]

 

                     TITLE 14--AERONAUTICS AND SPACE

 

                          SPACE ADMINISTRATION

 

PART 1209_BOARDS AND COMMITTEES--Table of Contents

 

                   Subpart 3_Contract Adjustment Board

 

Sec. 1209.303  Functions of Board.



    (a) The Board is authorized to act for and exercise the authority of 

the Administrator in cases involving request by NASA contractors for 

extraordinary contractual adjustments under the Act. Such authority will 

be exercised in accordance with the standards and procedures established 

by the Administrator, subject to such limitations as the Administrator 

may prescribe.

    (b) The Board shall have the power to approve, authorize or direct 

any action, including the modification or release of any obligations, 

and to make determinations and findings which are necessary or 

appropriate for the conduct of its functions, and may adopt such rules 

of procedure as it considers desirable.

    (c) The concurring vote of a majority of the total Board membership 

shall constitute an action of the Board. Decisions of the Board shall be 

final but the Board may reconsider and modify, correct or reverse any 

Board decision previously made.